A Ford car plant which was recently shut down as part of cost savings by the car maker is being converted into a facility for renewable energy companies.

The facility in Wixom, Michigan, which at the height of production had about 5,000 workers, closed in 2007 with the loss of 1,000 jobs. The site will now be converted into a business park for a series of renewable energy companies, which the backers claim could generate about 4,000 jobs.

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Ford said it has been working with energy storage system provider Xtreme Power and solar panel maker Clairvoyant Energy, who will be the first companies to take up residency in the 320-acre site and its 4.7 million square feet of plant space. The two renewable energy providers have invested about $725m (£635m) to redevelop the site, with work expected to begin early next year and clean tech manufacturing expected to get underway in 2011.